3D printing Market to grow at a healthy CAGR

The study refers to the market potential of 3D printing technology across the following major application verticals – Aerospace & Defense, Architecture, Automotive, Electronics, Education & Research, Healthcare, Oil & Gas Industry, Fashion & Jewelry, and Entertainment. In terms of materials, the report exhaustively covers Metals & Metal alloys, Polymers & Plastics, Ceramics, and Paper. Detailed analysis and forecast along with specific use case have been presented in the report.

3D printing is on its way to becoming the ubiquitous solution for prototyping. 3D printing enables companies to make prototypes without tooling, thereby helping companies to get customer feedback faster and better. The overall 3D printing industry generated over $2.5 billion in 2013 with services and parts accounting for over$500 million. The market covered in this research study includes the market for direct parts, materials and systems, which collectively accounted for $1.95 billion in 2013.

In terms of application, Consumer lifestyle products and electronics accounted for the highest market revenue followed by automotive, healthcare , and aerospace & defense.